Debts and Liabilities. As permitted pursuant to Government Code Section 6508.1, no debt, liability, or obligation of the Authority shall constitute a debt, liability, or obligation of any Member and each Member’s obligation hereunder is expressly limited only to the appropriation and contribution of such funds as may be levied pursuant to this Agreement or as the Member may agree.
Debts and Liabilities. The SBWMA’s debts, liabilities, and obligations shall not be debts, liabilities, or obligations of any of the Members, and each Member’s obligation hereunder is expressly limited only to the appropriation and contribution of such funds as may be levied pursuant to this Agreement or as the Members hereto may agree.
Debts and Liabilities. The Accounts properly disclose and make adequate provision for all bad and doubtful debts, all liabilities (actual or contingent ) and all capital commitments existing at the Last Accounting Date.
Debts and Liabilities. The debts, liabilities and obligations of ECCTA shall not be the debts, liabilities or obligations of any City or the County.
Debts and Liabilities. Except as otherwise provided by Section 6.05(c), no debt, liability or obligation of the MCSTOPPP project shall constitute a debt, liability or obligation of any Member Agency, and each Member Agency’s obligation hereunder is expressly limited only to the appropriation and contribution of such funds as may be levied hereunder for services among the Member Agencies, or on a fee-for- service basis, or as the parties hereto may otherwise agree.
Debts and Liabilities. The following is a listing of ALL the debts and liabilities that we presently owe (both individually and as a couple) and who we agree shall be responsible for the payment of each debt: Payment for Payment to (Creditor) Balance Due Paid by Petitioner/ Joint Petitioner A Paid by Respondent/ Joint Petitioner B Shared Equally Mortgage/Rent $ Mortgage/Rent $ Car 1 $ Car 2 $ Car 3 $ Loans-Student $ Loans-Personal $ Loans-Other $ Credit Card 1 $ Credit Card 2 $ Credit Card 3 $ Credit Card 4 $ Other $ Other $ Other $ If more space is necessary, attach additional sheets. In F, for each debt owed individually and jointly, write the name, current balance, and check who will be responsible for payment. Each party assigned a debt shall be fully responsible for that obligation and shall not make any demands upon the other party concerning that debt. Any debt not listed shall be the responsibility of the party who incurred the debt. Creditors are NOT bound by this agreement and both parties remain liable to creditors for all marital debts. Any party who suffers a loss because of a failure of the other party to pay an assigned debt may enforce that obligation by a motion or an order to show cause for contempt of court.
Debts and Liabilities. 7.1 The Vendor shall assign the Debts to the Purchaser on Completion Date by executing a Deed of Assignment in the Agreed Form as provided in clause 4.2.3.
7.2 The Vendor shall be solely responsible for and in the ordinary course of business shall discharge the Liabilities promptly and notwithstanding Completion shall be responsible for all debts payable by and claims accruing or outstanding against it in relation to the Business at Completion Date (save for the Agreed Liabilities) which it hereby agrees to discharge and satisfy in a timely manner. In relation to any claim made by a third party the Vendor will promptly give notice thereof to the Purchaser and will not take any steps which might damage the commercial interests of the Purchaser without prior consultation with and the approval of the Purchaser not to be unreasonably withheld or delayed
7.3 The Purchaser shall be responsible for discharge of the Agreed Liabilities in accordance with their terms as from Completion and for the avoidance of doubt where it is determined that any listed Liability in Schedule 3 should not have been an Agreed Liability then such liability shall be deleted from the Agreed Liabilities for all the purposes of this Agreement and be treated as a Liability
7.4 The Purchaser shall fully and effectively indemnify and keep indemnified the Vendor on demand against all demands, claims, liabilities, costs and expenses properly incurred by it in relation to the Agreed Liabilities
Debts and Liabilities. At Closing, Purchaser or AI shall assume all indebtedness related to the Real Estate Transactions contemplated by the Parties. At the close of such Real Estate Transactions, the Parties thereto shall then transfer such real property involved to Purchaser or AI.
Debts and Liabilities. The Continuing Partners shall pay and discharge all debts and liabilities of the Partnership arising after the Outgoing Date excluding any debt or liability in respect of any claim arising out of any wrongful act or omission of the Partners or any of them to the extent that such claim is attributable to any wrongful act or omission while the Outgoing Partner was a Partner and is not covered by insurance. The exclusion in the previous sentence shall not apply to the extent to which a reserve for such a claim has been included in the Accounts at or prior to the Outgoing Date. Such debt or liability shall be divided between the Continuing Partners and the Outgoing Partner (where relevant) in accordance with their respective shares of the profits at the time the debt or liability was incurred. The Continuing Partners shall keep the Outgoing Partner and his estate and effects indemnified against all such debts and liabilities (save for those excluded as aforesaid) and all actions proceedings costs claims and demands in respect thereof.
Debts and Liabilities. The debts, liabilities, and obligations of the Service Authority shall not be the debts, liabilities, and obligations of the member jurisdictions. Any participating member of the Service Authority shall defend, indemnify, save and hold harmless the Service Authority and any other participating members from any and all claims, costs, liability for any damages, sickness, death or injury to person(s) or property, including without limitation all consequential damages, from any cause whatsoever arising directly or indirectly from or connected with the operations or services of that member or its agents, servants, or employees save and except claims or litigation arising through the negligence or willful misconduct of the Service Authority or its officers or employees, and will make good to and reimburse the Service Authority for any expenditures, including reasonable attorney fees, the Service Authority may make by reason of such matters and, if requested by the Service Authority, defend any such suits at the sole cost and expense of the involved participating member.